Tate & Lyle has additionally dedicated to scale back forests, land and agriculture (FLAG) GHG emissions.
Along with the vitality and industrial emissions discount targets, Tate & Lyle has additionally dedicated to scale back forests, land and agriculture (FLAG) GHG emissions. This contains decreasing absolute Scope 3 (oblique) FLAG GHG emissions by 23% by 2028 from a 2019 baseline.
Moreover, the corporate has pledged to make sure zero deforestation throughout its major deforestation-linked commodities by the top of 2025.
Research from WWF final 12 months revealed that regardless of the pledge made by tons of of countries to preserve forests, international deforestation charges have gotten worse, with 6.6 million hectares of forest loss recorded in 2022.
Tate & Lyle’s chief govt Nick Hampton stated: “Local weather change is the best problem dealing with our planet and Tate & Lyle is dedicated to not solely taking part in our half, however to being a pacesetter on local weather motion collaborating intently with stakeholders throughout our worth chain.
“Our new science-based 2028 targets demonstrate our commitment to building a sustainable economy by doing not what is easy, but what is necessary.”
The brand new targets have been established to ship emissions discount per the objective of the Paris Settlement to restrict international warming to 1.5C above pre-industrial ranges, and can change the company’s previously validated targets consistent with the 2C stage.
The SBTi is notably phasing out 2C-aligned targets for companies.
Furthermore, Tate & Lyle will stay dedicated to its different sustainability commitments and targets, which embody buying 100% of electrical energy for operations from renewable sources by 2030, decreasing water use depth by 15% by 2030, reaching zero waste by 2030, sustaining sustainable acreage equal to the amount of corn bought annually, and reaching net-zero emissions by 2050.
Progress in opposition to these 2030 targets and commitments can be offered within the firm’s annual report, which is predicted to be printed subsequent month.
Tate & Lyle’s director of sustainability Anna Pierce stated: “We’re proud that SBTi have validated our GHG emission discount targets, which is able to considerably speed up the decarbonisation of our operations and provide chain.
“We will continue to engage with our customers and suppliers to better understand their climate change challenges, and to work together to solve them.”
For a lot of firms, gaining SBTi verification for FLAG GHG targets has confirmed to be a problem. More than 280 companies were identified earlier this year for failing to achieve SBTi verification within the required 24-month window, with several citing delays to FLAG emissions guidance as a key hurdle.
